JIANGSU CHANGLING HYDRAULIC CO.,LTD Financials JiangSu Changling Hydraulic Co.,Ltd
Equities
605389
CNE1000053L6
Heavy Electrical Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 22.9 CNY | +0.88% |
|
-0.65% | -14.42% |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 |
|---|---|---|---|
| Capitalization 1 | 4,532 | 3,503 | 3,856 |
| Enterprise Value (EV) 1 | 3,692 | 2,659 | 2,956 |
| P/E ratio | 21.1 x | 27.6 x | 36.7 x |
| Yield | 1.29% | 1.36% | 1.49% |
| Capitalization / Revenue | 5 x | 3.91 x | 4.78 x |
| EV / Revenue | 4.07 x | 2.97 x | 3.67 x |
| EV / EBITDA | 15.8 x | 16.2 x | 18.8 x |
| EV / FCF | -12.5 x | -140 x | 20.4 x |
| FCF Yield | -7.99% | -0.71% | 4.91% |
| Price to Book | 2.54 x | 1.89 x | 1.83 x |
| Nbr of stocks (in thousands) | 1,36,267 | 1,36,267 | 1,44,087 |
| Reference price 2 | 33.26 | 25.71 | 26.76 |
| Announcement Date | 19/04/22 | 21/04/23 | 24/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 558.8 | 610 | 867.1 | 906.5 | 896.4 | 806.3 |
| EBITDA 1 | 197.3 | 208.3 | 289 | 234.4 | 164 | 157.5 |
| EBIT 1 | 183.4 | 192.3 | 271 | 211.3 | 110.9 | 97.81 |
| Operating Margin | 32.81% | 31.53% | 31.26% | 23.31% | 12.38% | 12.13% |
| Earnings before Tax (EBT) 1 | 184.1 | 198.9 | 275.4 | 233.7 | 144.7 | 120.4 |
| Net income 1 | 159.6 | 170 | 235.9 | 201.5 | 127.1 | 101.7 |
| Net margin | 28.56% | 27.87% | 27.2% | 22.23% | 14.18% | 12.61% |
| EPS 2 | 1.629 | 1.664 | 2.307 | 1.579 | 0.9300 | 0.7300 |
| Free Cash Flow 1 | 156.4 | 59.67 | 140.6 | -294.9 | -18.98 | 145 |
| FCF margin | 27.99% | 9.78% | 16.21% | -32.53% | -2.12% | 17.99% |
| FCF Conversion (EBITDA) | 79.3% | 28.64% | 48.64% | - | - | 92.06% |
| FCF Conversion (Net income) | 98.02% | 35.1% | 59.59% | - | - | 142.62% |
| Dividend per Share | - | 0.5714 | 0.2143 | 0.4286 | 0.3500 | 0.4000 |
| Announcement Date | 26/04/19 | 16/09/20 | 29/04/21 | 19/04/22 | 21/04/23 | 24/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 37.1 | 143 | 242 | 840 | 844 | 900 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 156 | 59.7 | 141 | -295 | -19 | 145 |
| ROE (net income / shareholders' equity) | 47.7% | 37.6% | 37.6% | 16.1% | 7% | 5.3% |
| ROA (Net income/ Total Assets) | 23.3% | 19.8% | 19.7% | 8.58% | 3.38% | 2.67% |
| Assets 1 | 684.2 | 858.8 | 1,197 | 2,347 | 3,766 | 3,811 |
| Book Value Per Share 2 | 3.570 | 5.260 | 6.990 | 13.10 | 13.60 | 14.60 |
| Cash Flow per Share 2 | 0.6100 | 1.400 | 2.370 | 5.940 | 4.950 | 5.540 |
| Capex 1 | 47.3 | 32 | 54.4 | 365 | 50.4 | 36.3 |
| Capex / Sales | 8.46% | 5.25% | 6.28% | 40.22% | 5.63% | 4.51% |
| Announcement Date | 26/04/19 | 16/09/20 | 29/04/21 | 19/04/22 | 21/04/23 | 24/04/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -14.42% | 45Cr | |
| +54.87% | 1.23TCr | |
| +12.49% | 613.19Cr | |
| +48.99% | 230.37Cr | |
| +31.88% | 78Cr | |
| -21.61% | 27Cr | |
| -39.74% | 15Cr | |
| -20.91% | 8.79Cr |
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- Financials JiangSu Changling Hydraulic Co.,Ltd
